TradingMarkets 7 ETFs You Need to Know for Thursday

The most oversold ETF markets as of Wednesday’s close are increasingly bond funds – ranging from investment grade corporate bond ETFs such as the iShares iBoxx Investment Grade Corporate Bond ETF
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to high-yield alternatives like the SPDR Barclays Capital High Yield Bond ETF
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.

Here are 7 ETFs You Need to Know for Thursday.

Dow DIAMONDS ETF
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rallied on Wednesday but was met by selling late in the session that left the ETF closing off the highs.

A one-day excursion into neutral territory was enough to bring buyers into country ETFs like the iShares MSCI Taiwan Index ETF
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, which was up more than 3% intraday, and the iShares MSCI France Index ETF
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which gained more than 2%.

Consumer staples was the surprisingly positive sector on Wednesday, as traders and investors bought into shares of stocks like Kraft Foods
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and Coca Cola
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. This sent the Consumer Staples Select Sector SPDR ETF
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higher by more than 2% intraday.

At the same time, consumer cyclical and discretionary stocks were also attracting buyers during the holiday-shortened week. Gains in stocks like McDonald’s
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and Yum! Brands
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helped boost exchange-traded funds like the 2-to-1 leveraged ProShares Ultra Consumer Services ETF
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.

Precious metals ETFs jumped after dipping into oversold territory above the 200-day moving average on Tuesday. In addition to those ETFs mentioned in yesterday’s 7 ETFs You Need to Know, the iShares COMEX Gold Trust ETF
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bounced after closing lower for three consecutive trading days. The PowerShares DB Base Metals ETN
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, gapped up more than 3% after a similar three-day slide.

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